China Lowes Bond Rating U.S., France, Britain, Japan to AA

Yes, the big news is that China has a Higher Bond rating than the U.S., the U.S. has been down graded to AA along with France AA-, Britain AA-, Belgium, A-, Spain A-, Italy A-, Malaysia, A- and that Portugal has been lowered to
Aa2.

Yes, what has Obama's and the Democrats fiscal policy brought us?

What has socialism brought to the rest of the Industrialized nations?

 

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Considering that China has had their socialist/communist revolution, quite a lot. Don't you see the rise of China as a manufacturing center has been the result of Republican/ corporatist trade policies? We have allowed corporations to send all our jobs to China, so we should not be surprised they are doing better than us. Do you think continuing to allow cheap Chinese imports will improve things? LOL. Do you have any idea what's going on? Or did Rush not tell you?

 

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Oh, and where is your proof mr. buffalo roam? It is curious that you do not provide a link. By the way, Portugal was downgraded by Fitch about on Monday to A-. Gee, I wonder why?

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Could it be that you are trying to deceive people again?

Me thinks you have been into the limbaugh koolaid again if you are serious about this claim. If you are referencing an article in political piece in Forbes referencing Agora Financial...then you are off base again.

Unfortunately for you, limbaugh, hannity, levin, beck, et al Agora Financial is a right wing nut case firm catering to right wing extremists. They are not in the business of issuing sovereign credit ratings nor do they have the talent or authority to do so. They are not in the credit rating business. They are in the publication business. So the piece is a political statment nothing more, nothing less.

That is why when Agora makes this kind of announcement, no one pays any attention to them. The Forbes article was published 2 days ago. If anyone gave it any kind of credibility, we would have seen a huge downward movement in the stock markets, and of course we did not see think kind of movement. Nor did we see a spike in interest rates one would expect to see if the US credit rating degraded. In fact we have seen falling interest rates on US sovereign debt.

The bottom line, this is more made up news to fool the foolhardy and make a few bucks in the process. Sorry buffalo roam, American credit rating has not been downgraded...as much as you drool and dream about this and want this to happen, it has not happened, and likely will not happen.

Forbes Opinon Article:

http://blogs.forbes.com/greatspeculations/2010/07/14/u-s-debt-rating-downgraded-sort-of/

Author's bio:

Addison Wiggin is the executive publisher of Agora Financial, LLC, a fiercely independent economic forecasting and financial research firm. The executive producer of the acclaimed documentary film I.O.U.S.A. and 3 time New York Times best-selling authort, Addison is also the editorial director of Agora Financial’s daily 5 Min. Forecast and The Daily Reckoning.

Imagine that, an author writing in Forbes citing his opinion writings published by Agora Financial. LOL

 

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You mean what has the Bush wars and Republican Over spending brought you too, Don't say It was the huge stimulus spent, If it wasn't for that you would be in a depression right now.,

It takes a lot longer then 2 years in office to destroy bond, and credit rating..

you seem smart, but yet you are not bright when it comes to this stuff.

Oh and socialism Brought Canada and Australia to Two of the best performing nations on earth..well a smart mix of capitalism and socialism.


Question is what Has Capitalism brought you , and of course private federal reserve with practly no regulation.

Oh And a 15 trillion dollar economy Downgraded?
I doubt it when Most of the Banks who control this are based In the USA, backed by the green back

 

joe, just Google it...

http://www.zerohedge.com/article/us-stripped-aaa-credit-ratingby-china

Along came a Beijing-based rating agency--Dagong International Credit Rating Co. Its first order of business is to downgrade sovereign debt ratings on some major Western nations, while slamming its Western counterparts.

"The reason for the global financial crisis and debt crisis in Europe is that the current international credit rating system does not correctly reveal the debtor's repayment ability."
Dubbed as the world’s first “non-Western” sovereign credit rating agency, in its debut international report, Dagone (means Big Justice in Chinese) downshifted the US to AA with a negative outlook, while UK and France were given AA-; Belgium, Spain, Italy with A-.

Guess who holds our debt joe, and with this down grade the interest that the U.S. will have to pay for China to buy our bonds goes up.

 

Either way This is Not Obama's fault, As my Previouse Post states.

Oh and PS, You should of Posted the link, showing that it was not the world bank Involved.

 

Ok, so now we have a source. Is it any wonder that China would rate their debt above that of anyone else? I think there is a lot of self interest going on here as well. If China could get a debt downgrade on American debt, they could get higher interest rates on US debt.

The agency you referenced has developed a new way of evaluating risk, a method that favors China..fancy that. That is why no one is paying attention to this new fledgling agency. And my guess is it will be a very long time, if ever, that anyone pays any atttention to this organization.

As I said, the true measure of US debt and credit worthiness is the interest rate paid for US debt and right now it is at historic lows. China would just love to have the yuan be the world reserve currency and has been pushing for same for a long time.

So the bottom line here is nothing new and nothing worth spending any time on.

 

joe, where is the 2011 budget? have you seen anything from your democrats about the next budget?

Why not?

 

Probably because it is not due yet.

But there are a couple of things you should keep in mind when they begin those sessions. One being that Republicans have included huge structural deficits inside the federal budget...first and foremost of those was the Medicare Reform of 2003 (largest expansion of federal entitlements in a half century and full of corporate welfare).

Reublicans dumped huge structural spending obligations on President Obama including unfunded Medicare expansions; two ongoing wars that were fought incompetently under their direction; a doubling of the national debt; and an economy in a deep recession. It is unrealistic to expect Obama to wave a magic wand and get every thing Republicans broke fixed in a year or even two. Republicans did some very serious damage to this country during the last 10 years and it is going to take time and lot of patience and work to heal this nation.

So Obama and the Democrats are not going to be able to reverse the legislation put into law by Republicans so it will cause deficts and they will be large. The best Obama and the Democrats can do is to start nibbling away at the excesses.

 

http://sciforums.com/showthread.php?p=2584559#post2584559

 

Is there any difference between Bush and Obama?
War?
Bank Bailouts?
Borrow Trillions?

Where's the difference again???

 

Would Bush have ever regulated wall street? Nope.

 

joe, under current law (31 U.S.C. § 1105(a)) the president to required to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February, and Congress is required by law by pass annual budget resolutions by April 15. and the fiscal year ends Sep 30, and the Democrats haven't even started on the budget, and have no intention of doing so, why?

Just maybe because the deficit numbers will be in the Trillion of Dollars as far as the eye can see for the foreseeable future.

The Democrats have instead;

http://imarketnews.com/node/16177

China is firing a warning shot across the Obama's and the Democrat's bow, and it isn't the first, there has been a steady push to cut the Dollar as the Reserve Currency.

Now guess what if, MCO or MHP, or Fitch cut the U.S. bond rating?

http://www.dailyfinance.com/story/c...-u-s-credit-rating-a-bit-of-payback/19205457/

 

No, soullust, it isn't the global commitments that will sent the deficits into the stratosphere, it is the social spending, and the pay as you go financing that was set up by FDR and the Democrats for such social welfare programs.

There is no money in any the Trust Funds, those monies collect were nothing but taxes going into the general fund, and it was all spent, and any bonds in those trust funds are hollow, as it will take even more out of the economy in taxes to redeem those bonds.

More money out of the main street economy, where real wealth is created.

soullust, guess what, Obama and the Democrats are not even going to attempt to show a budget until after the election, and soon it won't only be China taking note, what is in the budget that the Democrats don't want to become a hot point of the elections? the fact that we are headed for $trillion Dollar deficits for as far as the eye can see?

That Obama and the Democrats have no intention of slowing down the spending, and raising taxes into the stratosphere.

Yes, what are the tax rates in 2011 going to be? Is that why they don't have the Balls to show a budget?

ps: Canada isn't in such fine financial shape for You to be offering any advice, your choice of politicians ins't any better than ours. Your debt as a precentage of GDP is almost the same as the U.S.

 

There is no doubt that the deficit will be in excess of a billion dollars and the administration has said so. So has the CBO. So that is no great suprise. What you keep ignoring is the reason why this is going to be the case which is all of deals to which the nation has committed the budget.

When Republicans took control of government in 2000 they had a half trillion dollar budget surplus with projected surpluses for decades to come. And what you don't want to understand or talk about is that it is going to take time to fix the legislative and administrative messes made by Republicans.

So? You are referencing an opinion piece. It offers no solutions, only tries to blame Democrats for not doing enough. The article is pointless.

No, this is just more of China acting in China's interests...nothing more and nothing less. The true measure of American credit worthiness is interest rate it pays for its debt. If you don't know, Treasuries (US debt) are auctioned off. So the price set for US debt is the open market. And those rates are at historic lows. So it kind of shoots your a big hole in your fantasies doesn't it.

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If Moodys or Fitch cut the US Bond rating it would be a signficant event. But that has not happened and is not likely to happen. Your article by the way is dated October of 2009, almost a year ago when the US and global fiscal crisis was still critical. We and the world have seen signficant improvement since October of last year.

One more point, the nations fiscal problems are not in the discretionary portion of the debt, but in the non discretionary budget which includes entitlements such as yours. Those are the costs that need to be trimmed. And those are the costs that Republicans piled on durring their reign.

 

The Economist has a peace out on the Lobbing efforts and the massive loopholes the big banks have invented. We're talking a stack of legal code as high as your chin with multinational teams paid 10s of millions of dollars to find the most obscure law to "tweak". The one lobiest said he saved Goldman and Company $13 Billion in 2011 alone by "tweeking" a single word - all for only $15 million in legal fees.

There just is no way we can regulate greedy people. They will either out right lie, cheat or steal the money. The only way to regulate it is to let the most corrupt collapse AND when a company like Goldman sells deals that are made to fail - SEND THEM TO PRISON.

 

The crazy thing is wtf were they doing..

every loan made makes 9 dollars to every 1 dollar..

so who the fuck stole all of the money ?

 

I'm kind of entertained by Buffalo's acceptance of a Chinese bond rating company's output.

I mean, I'd take it seriously - especially since the message sent is probably under the influence of the Chinese government, and they actually have some say in the US government's ability to repay its bonds. What that reads like is a warning - the US should probably play nice with Chinese interests in the Caspian Basin and related areas.

Steeply graduated income taxes worked pretty well in the US, until they were messed with.

 

Democrat Republican, whats the difference. The Democrats may have traces of hearts and brains and the Republicans may have backbones but they are both pieces of dead fish that for the past 30+ years have been mindlessly selling future Americans standard of living down the drains to benefit the short term interests of individual corporations and small groups of corporations.

I don't know about Chinese rating agencies but the American rating Agencies are very bad at predicting risk. They don't have the research staffs they would need to do the job they pretend to do. They also are corrupt and their ratings can e bought. For corporate bonds of most companies their upgrades and downgrades seem to trail the stock prices by a month and be based on the motions of the stock prices not research.

The ratings agency also seem to figure the investor community's misguided public sentiment into their ratings.

Up to now municipalities have had a much better record of not defaulting than corporations. This fact does not pop out at you by looking the ratings. S&P Moodys and Fitch are all crap. I would not trust hem to assess Portugal and I would be even less trusting of there ability to asses the USA.

I personally have been downgrading the USA's longer term debt consistently for the last 30 years. The USA probably will repay it's debts but with dollars that have lost much of their purchasing power.

 

Canada Is producing jobs and paying our debt down, well last year we didn't pay on the debt out of 15 years, but we will be..

And social security it will save your nation without it enjoy femine with no bull shit capitalistic Hospital to bail you out, why because you won't be able to cover there expense plus profit.

we In canada pay less for health care and we live longer, I am sure that gives reasons to show that your Capitalistic system is wrong and suckers like you enjoy getting ripped off.